Biography AND Success OF Businessmen PDF

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Biography AND Success OF Businessmen. It is highly suggested to make it as a guide ONLY to avoid plagiarism....

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FedEx: Fred Smith   BIOGRAPHY: -Frederick W. Smith was born on the 11th day of August, 1944 at Marks, Mississippi, United States. -Son of James Frederick "Fred" Smith (founder of Toddle House restaurant chain and Smith Motor Coach Company) and Sally Wallace Smith. -Married in 1962-1966 to Linda Black Grisham and to Diane Smith, currently. -Have 10 children, two from his first marriage, including  Cannon  Smith, Molly  Smith, Windland Smith Rice(photographer),  Richard  Smith, and Arthur Smith(football  coach).

INTEREST: An athletic and had an avid interest in the American Civil War. But Smith's true passion was flying.

Explanation: From early childhood, Smith was troubled by a birth defect known as Calve Perthes disease.The ailment made Smith spend much of his years on crutches and braces to maintain his hip joint socket. By 10 years old, he outgrown the disease and he attended school and became an athlete. He became an excellent football player. Smith had a keen interest in the American Civil War. But his true passion was flying; learning it at the age of 15. Smith became an amateur pilot as a teen.

EDUCATIONAL ATTAINMENT: Presbyterian Day School, Memphis University School and Yale University

Explanation: Smith attended his elementary at Presbyterian Day School in Memphis and high

school at Memphis University School. In 1962, Smith entered Yale university. He received his bachelor’s degree in Economics and Political Science in 1966.

PROFESSIONAL: An entrepreneur, businessperson and army officer.

Explanation: After graduating, Smith enlisted in the U.S. Marine Corps, serving for three years (1966-1969). As a second lieutenant, he was sent overseas to fight in Southeast  Asia during the Vietnam  War. Smith would do two tours in Vietnam, enrolling in flight school and eventually flying more than two hundred ground support missions. In July 1969, Smith was honorably discharged at the rank of captain with numerous honors, including a Silver Star, a Bronze Star, and two Purple Hearts.

CAREER ORIENTATION: Ark Airlines, 1969–1971, owner; Federal Express Corporation, 1971–, Founder and President; 1975–, Chairman, President, and Chief Executive Officer

Explanation: To get his novice business ongoing, Smith began by purchasing the controlling interest in Ark Aviation Sales, an aircraft maintenance company owned by his then father-in-law. By 1971 Smith had expanded the company's venue, turning the focus from airplane maintenance to a company that bought and sold used corporate jets. Finally, on June 18, 1971, Smith, then 27 years old, created the Federal Express Corporation. His startup funds consisted of $91 million from venture capitalists in addition to his own $4 million inheritance. By 1973 Smith was ready to go; Federal Express, with a fleet of 14 jets and several vans, began offering service to 25 cities.

OTHER FACTS TO THE SUCCESS HE IS ENJOYING NOW: -Smith is also an opposition owner of the Washington Football Team of the National Football League (NFL). His son, Arthur  Smith is the offensive  coordinator for the Tennessee Titans that resulted in FedEx sponsorship of the Joe  Gibbs NASCAR racing team. Smith also owns or co-owns several other entertainment companies like Alcon  Entertainment. -Smith was drafted into the Junior Achievement U.S. Business Hall of Fame and also awarded the Golden Plate Award of the American  Academy of Achievement in 1998. He was also initiated into the SMEI  Sales & Marketing Hall of Fame in 2000. He also got awards like "CEO of the Year 2004" by Chief  Executive Magazine and the 2008 Kellogg Award for Distinguished Leadership, presented by the Kellogg  School of Management  on May 29, 2008. He was also awarded the 2008  Bower Award for Business Leadership from The Franklin Institute in Philadelphia, Pennsylvania. He is the 2011 recipient of the Tony Jannus Award for distinguished contributions to commercial aviation.

-While CEO of FedEx in 2008, Frederick W. Smith earned a total salary of $10,434,589. In June 2009, Smith expressed interest in purchasing the controlling share (60%) of the St. Louis Rams from Chip  Rosenbloom and Lucia Rodriguez. In 2009, Frederick W. Smith earned a total compensation of $7,740,658. -In March 2014, Fortune Magazine ranked him 26th among the list of "World's 50 Greatest Leaders".

CHALLENGES: -Federal Express's first two years were sour. On its first night of business, only 186 parcels were delivered with its Falcon jets routed to 22 different cities. -Within the first three months of operation, the company had lost almost a third of its start-up cash. It's not normal to the Federal Express drivers to get into their own pockets to pay for gas. Smith also spent for high advertising costs knowing that it was essential for his company to survive and increased in aircraft fuel and gasoline pricing from the Arab Oil Embargo in 1973. -Smith's sisters also brought suit against their brother for misappropriating their trust fund monies. -Outdated federal aviation restrictions and run-ins with the International Brotherhood of Teamsters, caused FedEx to lose $29 million in its first two years of operation.

STRATEGIES: ● “Fear of failure must never be a reason not to try something.” Many of us are afraid of failing, but we mustn't let that fear stop us from moving forward. It is important to realize that we always have a choice: we can choose to be afraid, or we can choose not to be. Start by setting small goals that will help you build your confidence. Learn how to explore and develop probability plans; and practice thinking positively. By moving forward slowly but steadily, you'll begin to overcome your fear. ● “Leaders get out in front and stay there by raising the standards by which they judge themselves – and by which they are willing to be judged.” People-side of leadership in today's generation is complex, and it is continuously committed to develop capabilities of leaders to manage the workforce. The leaders who are better at influence must make a decision which is both quick and accurate and are able to build a culture where people feel the dedication and drive for uncommon performance in a way that builds sustainability and creates real value for all partners. ● “I’m not afraid to take a swing and miss.” As a leader, being scared to make an effort that failed. It was a nice try made but not successful. For that, never surrender until you succeed.

● “The riskiest strategy is to try to avoid risk altogether.” All businesses face risk, but getting rid of risk altogether isn’t a suitable result, but by measuring risk, you can decide how to deal with each kind of risk excellently. By choosing how to manage risk can help your business perform better. ● “A manager is not a person who can do the work better than his men; he is a person who can get his men to do the work better than he can.” Leadership necessarily requires using power to influence the thoughts and actions of other people. Power in the hands of an individual leads to human risks. Manager’s job is to create the circumstances in which their inherent motivation is discharged and channeled toward achievable goals. That approach requires an entirely different managerial mind-set. Achieving this shift in perspective is anything but easy. But it’s your best hope for getting the most out of your difficult employees. ● “My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business.” Innovation is distinguished by creativity by implementation of creative ideas in an economic setting. It may occur as a result of a focus effort by a range of different agents, by chance, or as a result of a major system failure. ● “You can’t make people do what’s right. You can lead them, and you can empower them to make the right decision, but if you don’t produce a culture that allows them to do that, then all the rest is just bumping your gums, as one of my old business partners used to say.” Don’t assume that you know all the strengths of your people. Meet with each of them and ask what they view their strengths as. You may discover what you hadn’t acknowledged before. A better understanding of your team helps you lead them more effectively. You can give them more opportunities to shine by empowering them to assigned tasks and projects suited to their strengths. ● “If you’re going to run a high service organization, you have to get the commitment of the people working for that organization right at the start. If you don’t you’ll never be able to deliver at the levels of expectations of the customer.” If you want better performance from your team members, you need to walk the talk. Model positive behavior yourself. Make mentorship a priority. Create a culture where your team members feel respected and valued. Ask your employees about their career goals, then provide strengths-based tasks and training and development opportunities to help them get there. For that, you and your team will achieve a better expectation of your company's goal.

Facebook: Mark Zuckerberg    BIOGRAPHY: -Mark Elliot Zuckerberg was born May 14, 1984 at White Plains, New York, U.S. -Son of Karen (a psychiatrist) and Edward Zuckerberg(a dentist). -Married on May 19, 2012 to Priscilla Chan. -Have two children namely; Maxima and August Chan Zuckerberg.

INTEREST: Zuckerberg developed an interest in computers at an early age.

Explanation: When he was about 12, he used Atari BASIC to create a messaging program he named "Zucknet." His father used the program in his dental office, so that the receptionist could inform him of a new patient without yelling across the room.The family also used Zucknet to communicate within their house.

EDUCATIONAL ATTAINMENT: Private tutored by David Newman, Mercy College, Phillips Exeter Academy and Harvard University

Explanation: To thrive Zuckerberg’s interest in computers, his father hired a private tutor to come to their house once a week. Zuckerberg took a graduate course in the subject at Mercy College that was near to his home while still in high school. He later studied at Phillips Exeter Academy, an exclusive preparatory school in New Hampshire. There, he showed talent in fencing,and became the captain of

the school's team. He also shines in literature and earned a diploma in classics. After graduating from Exeter in 2002, Zuckerberg enrolled at Harvard University. But after his sophomore year, Zuckerberg dropped out of college to dedicate himself to his new company, Facebook, as a full time employee.

PROFESSIONAL: -An entrepreneur, businessperson, software developer, investor, philanthropist, computer science and media proprietor.

Explanation: Zuckerberg is known for co-founding Facebook, Inc. and serves as its chairman, chief executive officer, and controlling shareholder. He also is a co-founder of the solar sail spacecraft development project Breakthrough Starshot and serves as one of its board members.

CAREER ORIENTATION: Facebook founder and Chief Executive Officer

Explanation: Zuckerberg launched Facebook when he was just 19 years old, together with his friends Dustin Moskovitz, Chris Hughes and Eduardo Saverin. Facebook is a site where the users can create their own profiles, upload photos and communicate with other users. By 2004 he dropped out of college and moved the company to Palo Alto, California. By the end of 2004, Facebook reached 1 million users. In 2005, Zuckerberg's enterprise received a huge boost from the venture capital firm Accel Partners. Zuckerberg's company then granted access to other colleges, high school and international schools, pushing the site's membership to more than 5.5 million users by December 2005. The site began attracting the interest of other companies that wanted to advertise with the popular social hub. Zuckerberg refused offers from companies such as Yahoo! and MTV Networks. Instead, he focused on broadening the site, opening up his project to outside developers and adding more features.

OTHER FACTS TO THE SUCCESS HE IS ENJOYING NOW: -Throughout Facebook's rise to greatness, Zuckerberg also spent his free time studying Chinese. By the fall of 2014, his Mandarin was so good that he managed to hold a 30-minute Q&A in the language. -Zuckerberg took Facebook public on May 18, 2012. The IPO raised $16 billion, making it the biggest tech IPO in history at the time. Zuckerberg became the 29th richest person on earth overnight. -In his mid-30s, Zuckerberg is one of a very small group of people who is worth more billions of dollars than years he has lived. Still, he's far from flashy about it - the CEO notoriously wears only a hoodie or a gray t-shirt with jeans.

-In 2014, when he was the third-richest man in the world, he bought a black Volkswagen GTI with a manual transmission -which costs around $30,000. However, he did reportedly pay for an Italian Pagani Huayra supercar around the same time. The car starts at a cool $1.3 million. -Zuckerberg also likes to spend his money on privacy: In October 2014, he spent around $100 million for 700 acres of hidden land on the Hawaiian island of Kauai. -Zuckerberg reportedly bought his 5,617-square-foot home for $7 million in 2011, and then spent an additional $45 million on the four houses and land around it for the sake of privacy. He also bought a $10 million mansion in San Francisco, and then proceeded to spend more than $1 million on remodeling and additions.

CHALLENGES: -The site went up over a weekend, but by Monday morning, the college shut it down. Its popularity had overwhelmed one of Harvard's network switches and prevented students from accessing the Internet. In addition, many students complained that their photos were being used without permission. Zuckerberg apologized publicly, and the student paper ran articles stating that his site was "completely improper”. -Zuckerberg accused by three Harvard seniors, Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra that he intentionally misleading them into believing that he would help them build a social network called HarvardConnection.com The three complained to The Harvard Crimson and filed a lawsuit against Zuckerberg that resulted in a settlement.

STRATEGIES: ● “I think as a company, if you can get these two things right – having a clear direction on what you are trying to do and bringing in great people who can execute on the stuff – then you can do pretty well.” As we all know, in order for the company to succeed, it is necessary to build the right employee so they can build your company. A right leader was the one who held his ear and hand to reach his people and know what they really wanted and what's the right thing to do was in line with the company goals and mission. ●

“We look for people who are passionate about something. In a way, it almost doesn’t matter what you’re passionate about. What we really look for when we’re interviewing people is what they’ve shown an initiative to do on their own.” It is the best character of the company to hire people that were passionate and dedicated to work instead of what they graduated for. Employees that drive themself to do their own work have a big impact on the company. ●

“I believe that over time, people get remembered for what they build, and if you build something great, people don’t care about what someone says

about you in a movie... they care about what you build.” The implication of this quote for me is like as we grow older, people tend to recognize us based on our works and not by our attitude or character. A lot of hostage-takers really have a good heart, but we will not remember them as a kind-hearted person, a family-oriented father, or a good son. We will remember their names associated with the crime they did. This is why we should think about the steps we take in life. The small act can be remembered by anyone. Life is about building your own legacy. Are you going to be remembered as a person with a bunch of exemplary achievement, or a person with bad reputation? Same thing in building our own products. We should create a product that will eventually be helpful to citizens, a product that will make its own mark. If we are eyeing a successful business, we should focus on composing our art instead of story-telling or daydreaming. ●

“[Facebook] is shaping a broader web. If you look back at the past five or seven years, the story about social networking has really been about getting people connected... but if you look forward for the next five years, I think that the story people are going to remember five years from now isn’t how this one site was built; it is how every single service that you use is now going to be better with your friends.” Back in the day, Facebook really helped us connect to people. It can be to our loved ones, family, friends or classmates. The platform even let us meet other people we don’t even know in our real life. It served as a bridge as we communicated to an individual. But now, Facebook is more of an entertainment application. We can watch funny videos, share educational information, and the most popular now… the sharing of memes. Of course, everything is better if we have people to share our laughter. And that is where our friends come. Everything that we are going to see in our timelines is going to be interactive if we will share it to our friends. Every meme or hilarious video clip is more enjoyable with our buddies. And still Facebook always releases new features on their craft. Let’s see maybe the next update will make our friendship even stronger. It is also a good example of a company. They make themselves timely, Facebook didn’t even get lost on their competition with other social media. Because they adapt to which is popular and by doing that, they already have hundreds of partners that you can see on their ads. Still winning the number of downloads by having 5 billion. And who knew that Facebook will not only let us communicate with our friends, but it also made our bond to our friends tight. ●

“Helping a billion people connect is amazing, humbling, and by far the thing I am most proud of in my life.” This quote may come from a developer or a creator of an application that makes people communicate to each other. In which he/she really helped billions of people to share their daily stories in work/school, achievements they just received, or an update of what their family has been doing. This is really the fulfillment of having a missional company, a company that has an urge to service people and not just for their own greedy deeds. Building a company that is not just going to benefit the owner but also the users. Kudos to the owners of the companies who are helping every citizen of this world by making

their own masterpiece or craft accessible to everyone.

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Abbott Laboratories: Miles White    BIOGRAPHY: -Miles D. White was born March 10, 1955 at MInneapolis, Minnesota, USA.

INTEREST: White was drawn to leadership positions that surely led him in different directions.

Explanation: White gained his experiences as a leader when he was a high school student. He was taught leadership skills based on the servant-leader model, which led him to think about the importance of serving others before taking any action. He was able to try these skills as he practiced his role as a captain of a sports team and club president. In this time, White was aware that an effective leader encompasses understanding the needs of others.

EDUCATIONAL ATTAINMENT: - Culver Military Academy, Stanford University and Stanford Graduate School of Business

Explanation: When White was 13 years old, he went to Culver Military Academy. He also went to

Stanford University in 1978 holding a Bachelor’s Degree in Mechanical Engineering and a Master of Busi...